Billionaire Li’s CK Hutchison Posts Higher-Than-Expected Profit
Billionaire Li's Empire Strikes Back With Stellar Results
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Billionaire Li Ka-shing’s flagship CK Hutchison Holdings Ltd. reported earnings that exceeded analysts’ estimates, helped by higher profits at its European mobile-phone operations.
Profit, excluding earnings from discontinued operations, rose 1.9 percent to HK$15.2 billion ($2 billion) during the first six months of 2016, compared with HK$14.9 billion a year earlier, CK Hutchison said in a statement on Thursday. The results beat the HK$14.8 billion median estimate in a Bloomberg survey of six analysts.